KAS BANK and the European FTT

On February 14, 2013 the European Commission published its proposal for the introduction of a European financial transaction tax (FTT). It is KAS BANK’s opinion that the (unintentional) side-effects of the proposed FTT can cause severe damage to the European capital markets.

We will take the necessary steps to raise our objections and we actively participate in the discussions. Given the large number of uncertainties, we expect that the planned implementation date of January 1, 2014 will not be met. Of course, in the meantime this topic remains on the top of our agenda.

Read more in our KAS Focus on the European FTT (opens as PDF).